Streetbeat News

SHIBUSD

Shiba Inu / US Dollar

https://shibatoken.com/

Industry

Digital Currency

SHIB is a token designed to be an Ethereum-compatible alternative to Dogecoin (DOGE). Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins. The Shiba Inu ecosystem also supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

The cryptocurrency market saw significant activity with predictions of Dogecoin's rise, warnings of Bitcoin's fall, Jim Cramer's mixed reactions to Robinhood's Q4, a surge in Shiba Inu whale inflows, and Donald Trump selling Ethereum. Dogecoin is predicted to surpass $0.10, Bitcoin may fall below $10,000, Shiba Inu experienced a 2595% increase in whale inflows, and Trump missed out on $500,000 in potential ETH profits.

Portfolio Pulse from Benzinga Neuro

February 18, 2024 | 10:12 am

Major cryptocurrencies experienced marginal losses late Friday, despite the crypto market cap reaching its highest level since spring 2022. Bitcoin surged 9.4% over the past week, briefly hitting $52,000. Ethereum, Solana, and other altcoins also saw significant movements. Franklin Templeton filed for a spot Ether ETF, joining other applicants. The first half of February saw an average daily trading volume of $1.8 billion for notable ETFs, with Bitcoin ETF assets rapidly increasing. The global cryptocurrency market cap stands at $1.94 trillion, with Bitcoin dominance at 52.42%.

Portfolio Pulse from Khyathi Dalal

February 17, 2024 | 3:22 pm

Dogecoin (DOGE) has seen a 5% increase over the past week, regaining its position in the crypto top 10 with a market cap of $12.2 billion. Analysts predict a potential breakout above $0.09, aiming for $0.10 by the end of February. Significant transactions and a bullish sentiment in the memecoin sector contribute to the positive outlook. Meanwhile, Dogecoin's visibility is further enhanced by interactions between its founder and notable figures like Stephen King and Elon Musk.

Portfolio Pulse from Khyathi Dalal

February 16, 2024 | 10:25 pm

Shiba Inu (CRYPTO: SHIB) is close to increasing its value significantly, with the lead developer's cryptic messages hinting at upcoming news. The community is abuzz with speculation, especially with the recent increase in network activity and the number of active and new accounts on the Shibarium platform. Shiba Inu's price is up 3.6% in the past 24 hours, and it's only 2.5% away from reaching a new price milestone. This surge in interest and adoption could potentially lead to a price spike soon.

Portfolio Pulse from Khyathi Dalal

February 14, 2024 | 9:06 pm

Dogwifhat (WIF), a Solana-based memecoin, has seen a 23.2% increase in the past 24 hours, ranking it 5th by market capitalization among memecoins. This surge is attributed to Bitcoin's rise above $52,000. WIF's market cap has reached $461.6 million, surpassing other popular memecoins like Floki and Memecoin. Solana memecoins now represent $1.4 billion of the total $22.8 billion memecoin market cap. Despite lacking real-world utility, these coins attract traders for speculative gains. Joe Ayoub, a crypto expert, referred to WIF as the 'Doge of this cycle.'

Portfolio Pulse from Khyathi Dalal

February 14, 2024 | 7:40 pm

Bonk and Pepe, two meme coins, have seen significant weekly gains of 23.5% and 17.6% respectively, outperforming Dogecoin and Shiba Inu. The rally is attributed to Bitcoin's surge to $50,000. Bitstamp's listing of Pepe and bullish social media analysis further spotlight these coins. Despite their popularity, meme coins on the Solana network, like Bonk and Pepe, face volatility due to profit-taking. Dogwifhat, another Solana meme coin, has also seen an 80% weekly gain.

Portfolio Pulse from Khyathi Dalal

February 13, 2024 | 7:21 pm

Shiba Inu (CRYPTO: SHIB) experienced a significant 1,800% increase in its burn rate, with over 27 million SHIB tokens removed from circulation in 24 hours. This action is part of a new strategy to accelerate token elimination, including an automated system set for testing on Puppynet before Mainnet implementation. The Shiba Inu ecosystem is also seeing growth, with a 4.76% increase in new wallet registrations and a 28.36% rise in active wallet usage. Additionally, a dual-component burning mechanism involving BONE (CRYPTO: BONE) token fees has been introduced. SHIB's price rose by 2.31% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 7:01 am

Shiba Inu (CRYPTO: SHIB) has experienced a significant surge in whale inflows, network activity, and buying interest, with a 2,595% increase in large holder inflows and a 7.3% price gain over the past week. Transaction volume and active accounts on Shibarium have also seen substantial growth. The burning rate of SHIB tokens increased by 75% in the last 24 hours, contributing to a reduced total supply. The Shibarium ecosystem is expanding, with new projects and tokens expected to be integrated soon, supported by infrastructure providers like NOWNodes.

Portfolio Pulse from Khyathi Dalal

February 12, 2024 | 9:57 pm

Dogwifhat (CRYPTO: WIF), a meme coin on the Solana blockchain, has seen a 50% increase in value over three days, outperforming other top meme cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). The coin's trading volume expanded by 72%, indicating growing trader interest. Bitfinex announced the listing of WIF, further boosting its visibility. Solana (CRYPTO: SOL) also experienced a 6.4% increase, contributing to the positive sentiment around WIF. Analysts and social media users are predicting further gains for WIF, drawing parallels with other successful meme coins.

Portfolio Pulse from Khyathi Dalal

February 09, 2024 | 9:59 pm

Despite a 6.7% loss in January, Shiba Inu (SHIB) shows signs of positive development with a surge in large transactions and steady adoption. The ecosystem awaits the Ryoshi network launch, expected to enhance SHIB's utility. The Shiba Inu community remains optimistic, with analysts predicting a price upswing amid increased trading volume and potential for future projects to adopt SHIB as their native token.

Portfolio Pulse from Khyathi Dalal

February 07, 2024 | 7:07 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.